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ZBAĀ isĀ usedĀ byĀ corporationsĀ toĀ eliminateĀ excessĀ balancesĀ inĀ seperateĀ accountsĀ andĀ maintainĀ greaterĀ controlĀ overĀ disbursements.
A zero-balance account is a checking account which always contains a balance of zero funds. When an entity makes a check payment, it transfers only enough funds into the account to maintain a zero balance once the check has been paid.
In finance a zero balance account(ZBA) is a system of cash pooling .this system is designed to leave in the current account of the subsidiaries that minimum amount to Ā be able to deal with their debts contracted.
A checking account in which zero balance is maintained by transfer of funds from a master account in an amount only large enough to cover checks presented.
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